Cal's Lawn Care prepared the following income statement before adjustments:

Required:
Determine the profit or loss after adjustment given the following additional information for the month of September:
a.Salaries earned but unrecorded and unpaid equals $8,000.
b.Depreciation for the month should be an additional $2,000.
c.Additional supplies used up equals $100.
d.Unearned revenue earned equals $1,000.

Question

Cal's Lawn Care prepared the following income statement before adjustments:

Required:
Determine the profit or loss after adjustment given the following additional information for the month of September:
a.Salaries earned but unrecorded and unpaid equals $8,000.
b.Depreciation for the month should be an additional $2,000.
c.Additional supplies used up equals $100.
d.Unearned revenue earned equals $1,000.

Quizplus · Accepted Answer

The Answer of Cal's Lawn Care prepared the following income statement before adjustments:

Required:
Determine the profit or loss after adjustment given the following additional information for the month of September:
a.Salaries earned but unrecorded and unpaid equals $8,000.
b.Depreciation for the month should be an additional $2,000.
c.Additional supplies used up equals $100.
d.Unearned revenue earned equals $1,000.

Cal's Lawn Care Prepared the Following Income Statement Before Adjustments